Grainger plc (LON:GRI) Plans Dividend Increase – GBX 5.01 Per Share

Posted by Maurice Goldstein on Jan 14th, 2025

Grainger plc (LON:GRI – Get Free Report) announced a dividend on Friday, November 21st,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, January 16th will be given a dividend of GBX 5.01 ($0.06) per share on Friday, February 21st. This represents a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, January 16th. This is an increase from Grainger’s previous dividend of $2.54. The official announcement can be viewed at this link.

Grainger Trading Down 0.2 %

GRI opened at GBX 215 ($2.63) on Tuesday. The company has a debt-to-equity ratio of 84.35, a current ratio of 3.81 and a quick ratio of 0.87. The company has a market cap of £1.59 billion, a price-to-earnings ratio of 8,183.33, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. The firm has a 50 day simple moving average of GBX 226.72 and a 200 day simple moving average of GBX 235.53. Grainger has a fifty-two week low of GBX 211.50 ($2.59) and a fifty-two week high of GBX 276 ($3.38).

Insider Transactions at Grainger

In related news, insider Robert Hudson sold 48,642 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of GBX 220 ($2.69), for a total transaction of £107,012.40 ($130,950.07). 1.92% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GRI has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 336 ($4.11) target price on shares of Grainger in a research note on Friday, November 22nd. Berenberg Bank reissued a “buy” rating and set a GBX 299 ($3.66) price objective on shares of Grainger in a research report on Friday, November 29th.

View Our Latest Analysis on GRI

About Grainger

(Get Free Report)

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK’s largest listed residential landlord and leader in the fast-growing build-to-rent sector, providing c.11,100 rental homes to over 20,000 customers. With a pipeline of secured build-to-rent development projects totalling c.5,000 homes and £1.5bn, Grainger is creating thousands more rental homes by investing in cities across the UK.